ST HELIER, Jersey, December 14, 2015 /PRNewswire/ --
Vistra Group, one of the world's leading corporate service providers of international incorporations, trust, fiduciary and fund administration services, today announced the acquisition of the leading yachting Malta-based service provider, DF Marine Consultancy Limited ("DF Marine").
Specialising in providing professional services associated with the operation and ownership of yachts, DF Marine has established itself as a leading provider in the fields of yacht registration, yacht sale/purchase-contracts, yacht finance, Maltese leasing structures and EU VAT advisory.
The DF Marine team, led by Anthony Galea, will join the Vistra Group and a new entity has been formed to enhance the Group's offering, Vistra Marine & Aviation Ltd. This company will also be receiving from Vistra Malta the existing marine & aviation portfolio.
Commenting on the acquisition, Marco Bugelli, Managing Director of Vistra Malta, said, "Anthony Galea and the DF Marine team have been known to us for several years. Anthony is a leading Maltese lawyer, who is well connected and well respected both locally and overseas, especially in the international yachting and aviation circles. He and his team have built a successful business which will complement our existing offering in this market and enable us to grow."
Kevin Deguara, Managing Partner of DF Group commented, "After 10 years of constant growth and achievements in the marine business, the sale of DF Marine represents a significant step in DF Group's goal to focus on and optimise its core business activities. The transaction is key for our Group to release and redeploy resources to support growth opportunities in the legal field and corporate services with particular emphasis on the financial services and aviation sectors."
Anthony Galea, CEO & Director of DF Marine, added, "By joining Vistra Group we are embarking on a new and exciting chapter for our business and I am confident of the benefits it will bring to our clients.
"We have created a new entity, Vistra Marine & Aviation Ltd, which shall draw from the knowhow, experience and expertise of Vistra Group and DF Marine. Today you need to be a specialist to provide the quality of service we seek to provide to our clients. The Vistra Group provides the opportunity for DF Marine to enhance its services and the right platform to increase its reach and grow to provide a truly international quality service. Within the Vistra Group we also saw the values and approach which have been key to DF Marine's success for the past 10 years so it was a natural consequence to make this step."
About Vistra Group
Ranked among the top four corporate service providers globally, Vistra Group is a versatile group of professionals, providing a uniquely broad range of services and solutions. Our capabilities span across company formations to trust, fiduciary and fund administration services. Comprising two key brands, Vistra and OIL, the Group employs over 1,300 employees in 46 offices across 35 jurisdictions.
About DF Group
DF Group is a multi-disciplinary structure built around DF Advocates. DF Advocates is a full service business law firm based in Malta, advising international and local clients in day-to-day operations, local and cross-border transactions and a multitude of complex issues spanning various industries and sectors. The main fields of practice and expertise include financial services, corporate and commercial law, tax, remote gaming, litigation and arbitration, real estate, maritime and aviation law, and sports and entertainment law.
For more information please visit: http://www.dfadvocates.com
SOURCE Vistra Group